Fremont, CA – Export-and-Import.com launched a beta version of an exporters and importers social network, a new service connecting and helping companies worldwide in their efforts to conduct, facilitate and promote export-import business.
Jasbir Sandhu, founder of Export-and-Import.com, announced the release of a beta version of the website. The site provides a business social platform for companies, individuals and trade organizations to build business network, create business leads and manage business relations. Members can promote their products and services, while generating more traffic to their websites.
The overall U.S. trade deficit shrank by 5.68 percent in March 2008, falling to $58.21 billion from the adjusted February 2008 level of $61.71 billion. Exports fell by 1.71 percent, to $148.51 billion, for the first time since January 2007. Imports dropped by 2.86 percent, to $206.72 billion. The fall-offs were especially sharp in goods trade – where exports sank by 2.37 percent, to $104.73 billion, and imports declined by 3.36 percent, to $173.34 billion.
Japan remains an export powerhouse, yet domestic consumption has increased in importance. This is a result of a strengthening economy, a more buoyant stock market, improving dividends, confidence from increased corporate profitability and other related trends. Compared to the past, the Japanese economy also is much more closely linked with Asia (both in terms of exports and imports) and Japanese firms now routinely consider India and Southeast Asian countries when evaluating investment destinations. Japan has become a key driver of growth in Asia as a market, investor, and source of knowledge.